After a tumultuous two years in the economy, the year-over-year Consumer Price Index has stabilized at around 3% to 4%, down from the 9.1% peak in 2022. Many experts also predict that the corrective Fed Rate hikes are over after a series of 11 since March 2022.
Still, these and other factors have led many Americans to be further into debt. Credit card balances and delinquencies have both been on the rise since the start of 2022, as has the average amount of debt U.S. households are carrying.
If you’re one of the many people facing debt but looking for a lifeline, a debt relief strategy may…
Read the full article at: https://www.cbsnews.com/news/is-debt-relief-worth-it-when-it-is-and-when-its-not/